PRESS RELEASE:
Qualcomm’s former President and Vice Chairman brings a vast wireless industry background to help guide Enevate’s growth and innovation in the smartphone and mobile device sector
IRVINE, Calif.–(BUSINESS WIRE)–April 12, 2016–
Enevate Corporation, a technology leader in Lithium-ion (Li-ion) batteries, announces the addition of Steve Altman, former Qualcomm President and Vice Chairman, to the Enevate advisory board. Altman is recognized as the chief architect of Qualcomm’s successful IP licensing business and brings his extensive telecommunications background to assist Enevate in expanding its innovative battery technology in the mobile device industry.
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“We are at a strategic inflection point in our company’s history and Steve brings a wealth of knowledge gained from his years in senior and executive leadership roles at Qualcomm,” said Brian Wong, CEO and President of Enevate. “Steve’s proven track record and experience in the telecommunications industry will help guide us through our growth.”
Altman served as a member of Qualcomm’s Executive Committee for nearly 15 years, providing direction and guidance on the overall company vision and strategy. Altman joined Qualcomm in 1989 and served in a number of senior roles including General Counsel, President of Qualcomm Technology Licensing (QTL), President of Qualcomm and Vice Chairman. His leadership in developing the Intellectual Property licensing strategy of Qualcomm’s broad wireless communications intellectual property portfolio resulted in accelerating the growth of CDMA technology. Under Altman’s leadership, Qualcomm entered into domestic and international licensing with some of the world’s largest telecommunications and electronics companies.
“I am excited by the opportunity to join Enevate’s advisory board and assist them in bringing their innovative Li-ion batteries to the smartphone and mobile device market.” said Altman. “Enevate’s patented and unique silicon-dominant approach provides increased energy density enabling thinner and lighter battery form factors. When combined with their demonstrated ultrafast battery charging capabilities, Enevate’s proprietary technology could dramatically improve how smartphones and other wireless devices are used.”
Altman joins Enevate’s advisory board that includes: Dr. John Goodenough, a key inventor of Li-ion batteries; Dr. Yevgen Barsukov, head of algorithm development in Texas Instrument’s battery management group; Dr. Kim Kinoshita, who has served many years at Lawrence Berkeley National Laboratory and SRI International with focus on electrochemical technology; Dr. Marc Madou, a Chancellor’s Professor at the University of California, Irvine.
About Enevate (www.enevate.com)
Enevate Corporation is an advanced rechargeable energy storage company focused on next generation mobile devices and drones with global headquarters in Irvine, CA. Enevate’s batteries with its breakthrough HD-Energy Technology delivers significant performance improvement over conventional Li-ion batteries. Investors include Mission Ventures, Draper Fisher Jurvetson, Tsing Capital, Infinite Potential Technologies, Presidio Ventures – a Sumitomo Corporation company, and CEC Capital. Enevate, the Enevate logo, and HD-Energy are registered trademarks and eBoost is a trademark of the Enevate Corporation.
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Enevate Corporation
Amanda Smith, +1 480-568-7993
asmith@enevate.com
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